"The NKOTBSB just keeps snowballing ... and nothing is as exciting as Times Square's New Year's countdown," the Backstreet Boys said. The five members of New Kids On The Block then chimed in, "The excitement of this is just a glimpse of what our upcoming tour will be."

Counting down the coming of January 1, Dick Clark and Ryan Seacrest will host the show live in New York with Jenny McCarthy on hand as a correspondent at Times Square. Black Eyed Peas' Stacy Ferguson will, meanwhile, host the Los Angeles-based portions of the specials.